BNP Paribas Securities Services has been selected to produce Key Investor Information Document (KIID) -compliant reporting for all the funds of EFG Asset Management France. EFG Asset Management France operates a global platform offering a full range of managed accounts, funds, and advisory services.
To allow its customers to prepare for the impact of the UCITS IV directive on portfolio risk classification, BNP Paribas Securities Services has developed a service for collecting required data, producing and distributing KIID-compliant reporting. This flexible global service, based on customer interaction, incorporates an SRRI (Synthetic Risk and Reward Indicator) simulation tool. Asset management companies can use it to measure the SRRI for their entire range of funds to ensure that the simulation complies with the requirements of the UCITS IV directive, which will take effect in July 2011.
"As our depository bank, we have relied on BNP Paribas Securities Services for the global custody of our assets and fund accounting, for many years" said Antoine Lacourt, CEO of EFG Asset Management France. “The bank also undertakes all our legal documentation and the regulatory compliance of our funds, so establishing KIID-compliant reporting was therefore a logical continuation of our relationship."
Margaret Harwood-Jones, head of asset managers, BNP Paribas Securities Services said: "We are focused on helping our asset manager customers adapt to an increasingly complex regulatory framework. Based on our expertise, we have developed powerful reporting tools that allow our customers to confidently focus their attention on their core business of managing their clients’ assets."
